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Business Events Layoffs

  • BERLIN, Jan 9- Germany's Economy Minister Sigmar Gabriel said on Monday that no Bombardier plants in Germany will be closed after a newspaper reported the Canadian company was considering closing plants and cutting a quarter of its workforce of 8,500.. The newspaper cited industry sources saying Bombardier Transportation is considering closing plants in...

  • Theranos laying off another 155 employees

    The company says it will part ways with 155 employees, leaving a core team of only 220 workers.

  • Founder & CEO of Theranos Elizabeth Holmes

    Theranos has announced its latest round of job cuts, firing 155 employees to leave a "core team" of just 220.

  • Weekly jobless claims drops to 235,000

    CNBC's Rick Santelli breaks down the weekly numbers on unemployment.

  • The Victory motorcycles assembly line at the Polaris Industries factory on Aug. 8, 2014, in Spirit Lake, Iowa.

    CNBC's Steve Liesman breaks down the latest data on jobs.

  • Pedestrians walk along Wall Street near the New York Stock Exchange in New York.

    December's total was 42 percent higher than the same month last year, but this year's total cuts fell 12 percent.

  • December job cuts up 25%: Challenger

    John Challenger, Challenger, Gray & Christmas breaks down the latest data on layoffs.

  • Jan 4- U.S.-based online publishing platform Medium said it would slash its workforce by a third, or eliminate 50 jobs, close two offices as the company changes its ad-driven business model. The company's ad-driven publishing model was "becoming an extension of a broken system", Chief Executive Evan Williams wrote in a post. The company said it was shutting down...

  • BRUSSELS, Dec 21- A Greek law forcing employers to seek government approval for mass layoffs is too vague and violates European Union laws, the EU's top court ruled on Wednesday, potentially complicating Athens' stance in talks with international lenders. "The Greek legislation is liable to constitute a serious obstacle to the exercise of freedom of...

  • Engineering Vice President Ed Ho will now take over all product and engineering and report directly to Chief Executive Jack Dorsey, Recode reported, citing people familiar with the restructuring. http://on.recode.net/2hXr9BR. No one individual was essential, but the fact that they all left should be concerning, especially since Dorsey is splitting his...

  • Stocks to Watch: December 20, 2016

    Praxair, Darden and General Motors are making headlines thisTuesday morning before the opening bell.

  • SEATTLE, Dec 19- Boeing Co's commercial airplane unit said on Monday it would cut an as-yet-undetermined number of jobs in 2017 after slashing its workforce by 8 percent in 2016, as it struggles to sell planes in the face of a strong dollar. But the announcement shows the world's biggest plane maker is axing jobs more aggressively than it forecast earlier this...

  • Workers assemble a Boeing Co. 787 Dreamliner airplane at the Boeing Everett Factory in Everett, Washington.

    Boeing's commercial airplanes unit said on Monday it would cut more jobs in 2017 after slashing the workforce by 8 percent in 2016 as it battles to sell planes.

  • Dec 19- Boeing Co's commercial airplanes unit said on Monday it would reduce its workforce in 2017, adding to the about 8 percent jobs the company has cut since the beginning of 2016.. The company is offering a voluntary layoff program in early 2017, adding that involuntary layoffs may occur in some cases, Boeing Commercial Airplanes said in an internal memo.

  • Dec 19- Boeing Co's commercial airplanes unit said on Monday it would reduce its workforce in 2017, adding to the about 8 percent jobs the company has cut since the beginning of 2016.. This year's job cuts include a 10 percent reduction of executives and managers, Boeing Commercial Airplanes said in an internal memo. Reuters had reported in February that Boeing...

  • Dec 18- Etihad Airways said on Sunday it is cutting jobs in some parts of its business as a part of its restructuring. An Etihad Airways spokesman said that a majority of those affected by the headcount reduction are through "natural attrition" and the vacancies will not be filled. Etihad, in a bid to strengthen its European network, struck a code sharing deal last...

  • LONDON, Dec 15- Some of the top banks in Europe have said this year that they plan to cut a total of fewer than 50,000 jobs, a sharp drop from the number announced in 2015. Data compiled by Reuters shows 17 of Europe's biggest banks have announced a total of about 46,000 staff cuts since the beginning of the year- 65 percent lower than the 130,000 job losses announced by...

  • LONDON, Dec 15- Job cuts announced by European banks have tumbled in 2016, as they work through a backlog of layoffs unveiled in previous years and struggle to find new areas where they can trim staff without threatening profitable operations. Some industry watchers say lenders might even recruit a little next year overall, provided the market rally following...

  • *About 1,600 staff in Sweden have volunteered to leave. The company said in October it was cutting about a fifth of its Swedish workforce and hundreds of consultants as it grappled with shrinking markets and competition from China's Huawei and Finland's Nokia. The company announced a plan in October to shed 3,000 jobs in production, research and development...

  • Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said. In June through October, nine companies with at least $100 million in debt filed for...